Radware Ltd. (RDWR) Given Average Recommendation of “Buy” by Analysts
Shares of Radware Ltd. (NASDAQ:RDWR) have earned a consensus rating of “Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $20.60.
Several analysts recently issued reports on RDWR shares. Imperial Capital reissued an “outperform” rating and issued a $21.00 target price (up from $20.00) on shares of Radware in a research note on Thursday, August 10th. BidaskClub raised Radware from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research raised Radware from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Barclays raised their target price on Radware from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Finally, Jefferies Group reissued a “buy” rating on shares of Radware in a research note on Friday, October 6th.
Institutional investors and hedge funds have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Radware by 8.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,958 shares of the information technology services provider’s stock worth $122,000 after buying an additional 535 shares during the period. Balter Liquid Alternatives LLC purchased a new stake in Radware in the second quarter worth about $198,000. Magnetar Financial LLC purchased a new stake in Radware in the third quarter worth about $206,000. Aperio Group LLC purchased a new stake in Radware in the second quarter worth about $210,000. Finally, GSA Capital Partners LLP purchased a new stake in Radware in the third quarter worth about $234,000. Institutional investors and hedge funds own 61.69% of the company’s stock.
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Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.
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